AUD/USD | Risking a Reversal

The upside in AUD/USD has as soon as once more stalled forward of trendline resistance and the 200DMA (0.6946). In flip, with bullish DMI’s edging decrease, this raises the probability for a possible reversal within the pair with help at 0.6849 (100DMA) in focus. That mentioned, on condition that we imagine that we have now seen the main low within the pair at 0.6668, dips within the pair are more likely to be properly supported because the temper music with regard to US-China commerce wars improves.

AUD/USD Worth Chart: Every day Time Body (Nov 2018 – Nov 2019)

AUD/NZD | Upside Restricted, Threat-Reward Favours Pullback

AUD/NZD has continued to push greater, reaching a recent 2019 peak of 1.0865. Nonetheless, whereas momentum indicators are more and more bullish, development indicators (ADX) have but to supply affirmation to the current upside, which in flip could counsel that the upside transfer is considerably…

The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.